CFPB Monitor

NOVEMBER 8, 2021

The California Department of Financial Protection and Innovation has published a fourth round of modifications to implement SB 1235 , the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California Compliance 78

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

California 78

California Regulation CA Innovation 78

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 78

CFPB Monitor

JANUARY 13, 2020

The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. Licensing and examining new industries “that are current under-regulated”. Establishing a new Financial Technology Innovation Office. California. The budget includes a $10.2

CA 78

CA California New York Regulation 78

CFPB Monitor

NOVEMBER 29, 2021

The California Department of Financial Protection and Innovation (DFPI) is seeking comments on a proposed rulemaking under the California Consumer Financial Protection Law (CCFPL).

CA 78

CA California Regulation Innovation 78

PYMNTS

APRIL 25, 2017

Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. While the OCC thought the rule would elicit little backlash, it has actually prompted a ton of objections from different parties.

Fintech 109

Fintech Ohio Florida Oregon 109

CFPB Monitor

FEBRUARY 2, 2021

Since the California Consumer Financial Protection Law (CCFPL) became effective on January 1, the state’s Department of Financial Protection and Innovation (DFPI) has wasted no time in asserting its expanded jurisdiction over consumer financial services providers. (The

CA 60

CA Company Innovation Regulation 60

PYMNTS

JUNE 20, 2019

Facebook, I believe, has made quite broad rounds around the world with regulators, supervisors and lots of people to discuss their plans and that certainly includes us,” Powell said on Wednesday (June 19), according to CNBC. There’s just a tremendous amount of innovation going on out there,” he said.

cryptocurrency 108

cryptocurrency CA social media Regulation 108

CFPB Monitor

APRIL 6, 2021

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has entered into a consent order that permanently bars James Berry and any company he owns or controls from soliciting customers for Property Assessed Clean Energy (PACE) financing and seeking future enrollment as a solicitor for PACE programs.

CA 78

CA California Company Innovation 78

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. Payments had been relatively static with innovation around cash, checks and credit cards.

Security 100

Security CA Payments Big Data 100

PYMNTS

SEPTEMBER 20, 2018

Headquartered in San Mateo, CA, Marketo has offices around the globe. Marketo delivers the leading B2B marketing engagement platform for the modern marketer, and there is no better home for Marketo to continue to rapidly innovate than Adobe.”. Until then, each company will operate independently.

CA 143

CA Customer Experience Leadership Software 143

CFPB Monitor

SEPTEMBER 29, 2021

The New York Department of Financial Services has issued a proposed regulation to implement S 5470–B , which requires consumer-like disclosures for “commercial financing” transactions of $2.5 The proposed regulation would give the provisions added by S 5470-B to the Financial Services Law the title “Commercial Finance Disclosure Law” (CFDL).

Regulation 78

Regulation New York California Examples 78

PYMNTS

FEBRUARY 15, 2017

Ted Lieu (D-CA) co-sponsored the bill, dubbed The Security and Privacy in Your Car Study Act. It’s something of a daunting challenge to balance disruptive technological innovation with federal safety and privacy protections,” Rep. According to a report , Rep. Joe Wilson (R-SC) and Rep. Wilson and Rep.

Study 120

Study Security CA National 120

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

Conference 221

Conference Las Vegas Fraud Data 221

CFPB Monitor

SEPTEMBER 10, 2020

As part of California’s recent triad of consumer financial services legislation, including AB-1864 , which creates the Department of Financial Protection and Innovation and the California Financial Protection Law, and AB-376 , which includes a new Student Loan Borrower Bill of Rights. To register, click here.

California 122

California Regulation Innovation Lending 122

CFPB Monitor

AUGUST 9, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into “a landmark agreement” with Meratas, Inc., In April 2021, Meratas applied for a student loan servicer license under the CA Student Loan Servicing Act (SLSA).

California 78

California Management CA Regulation 78

CFPB Monitor

JULY 20, 2022

As discussed in an earlier blog post , the California Department of Financial Protection and Innovation (“DFPI”) issued an Invitation for Comments on the Proposed Second Rulemaking under the Debt Collection Licensing Act (“DCLA”) on August 19, 2021. Code §§ 28100 et seq.). 10 CCR § 1850.2 Code § 100021. 10 CCR § 1850.71

California 141

California Regulation Taxes Report 141

PYMNTS

JANUARY 15, 2018

With that access, the thinking goes, new market entrants can offer new services to end users, with eyes dually focused on innovation and costs. Regulation News Closer to Home: The CFPB. The path may not be linear and, as noted above, there is a distinct lacking in the education of the users themselves. But as to what to expect ….

CA 112

CA Bitcoin Data Security 112

NCR

APRIL 24, 2017

The Canadian provider focuses on delivering the front-end technology and services required to achieve the customer experience it is looking for, leaving traditional bank functions such as card issuing and money holding to Canada’s OSFI-regulated Peoples Trust. million (US$970,000) in transactions.

Retail 75

Retail Customer Experience CA Innovation 75

CFPB Monitor

SEPTEMBER 30, 2020

b) of New York’s student loan servicer regulations). California Governor Gavin Newsom has signed into law the Student Borrower Bill of Rights, AB 376 , as part of a package of consumer protection legislation. The materials and recording are available by request.). See Section 1788.102(b)]. See Section 1788.102(c)-(d)].

California 148

California Policies Regulation Payments 148

CFPB Monitor

DECEMBER 21, 2021

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans.

California 78

California Utah FDIC Regulation 78

FICO

AUGUST 27, 2017

Silicon Valley Mobility is a mobility consulting and advisory firm in Palo Alto, CA. Therefore, regulation in form of incentives and mandates are very important to lure consumers into electrified vehicles as ‘doing something good’ (i.e. looking at the trends of automation, communication, electrification, and commoditization.

Trends 59

Trends Mobile CA Industry 59

MyBankTracker

MARCH 3, 2021

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. Earthquake (costs extra; available for CA and AR residents only). Earthquake (costs extra; available for CA and AR residents only). What is Lemonade? and select locations in Europe. Personal liability. Loss of use. Loss of use.

Policies 52

Policies CA Apple Wyoming 52

NCR

MARCH 15, 2016

How can a bank fund a business if its new treasurer had once been cited by regulators? Hall is the Managing Director of Hall & Company, CPAs & Consultants in Irvine, CA. History of audit failure: An old and relatively minor error in bookkeeping could still come back to haunt an entrepreneur. Bradford L.

Taxes 40

Taxes CA Lending Strategy 40

CB Insights

JUNE 11, 2018

investment fund dedicated to startups innovating in the AV space. In recent months, the Chinese government has increasingly eased regulations on autonomous vehicles in a number of cities to accelerate the path to commercialization. Didi’s lab in Mountain View, CA. The China advantage.

Google 71

Google Industry Software Data 71

Tomorrow's Transactions

JANUARY 23, 2017

Now what this passporting might mean is anyone’s guess, since this is just a newspaper story based on gossip, but I think it might be a little more complex to arrange than it seems at first because of the nature of banking regulation in the United States. This seems anachronistic. I don’t see any immediate problem that this solves.

Payments 30

Payments Regulation National New York 30

PYMNTS

OCTOBER 31, 2016

Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. Maxine Waters (D-CA), has thrown down the banks-need-to-be-broken-up gauntlet.

Regulation 100

Regulation Innovation Data Industry 100